Kode Media Ltd - Period Ending 2015-05-31

Registration number: 08083250

Kode Media Ltd
 
 Unaudited Abbreviated Accounts
 
 for the Year Ended 31 May 2015
 

RMCA
Chartered Accountants
The Counting House
High Street
Tring
Herts
HP23 5TE

Kode Media Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Kode Media Ltd
(Registration number: 08083250)
Abbreviated Balance Sheet at 31 May 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					26,863			19,680
Current assets
Debtors					150,076			114,446
Cash at bank and in hand					10,969			16,718
					161,045			131,164
Creditors: Amounts falling due within one year					(223,280)			(146,899)
Net current liabilities					(62,235)			(15,735)
Total assets less current liabilities					(35,372)			3,945
Provisions for liabilities					(5,373)			(3,920)
Net (liabilities)/assets					(40,745)			25
Capital and reserves
Called up share capital		3			5			5
Profit and loss account					(40,750)			20
Shareholders' (deficit)/funds					(40,745)			25

For the year ending 31 May 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 22 January 2016 and signed on its behalf by:

ET Williams Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Kode Media Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

Although the company has net liabilities of £40,169 (2014:£nil) at the balance sheet date, the financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The directors have indicated that they will continue to support the company so that it can meet its liabilities as they fall due.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. In respect of long-term contracts and contracts for on-going services,turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and Fittings	15% reducing balance
Equipment	15% reducing balance / 33% straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 2

Kode Media Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2014		24,636			24,636
Additions		14,555			14,555
At 31 May 2015		39,191			39,191
Depreciation
At 1 June 2014		4,956			4,956
Charge for the year		7,372			7,372
At 31 May 2015		12,328			12,328
Net book value
At 31 May 2015		26,863			26,863
At 31 May 2014		19,680			19,680

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
5 Ordinary Shares of £1 each		5			5			5			5

Page 3